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CNBC
Apr 19, 2010 3:00pm EDT
broke the story. >> not only general motors, but the toyota recall announced in the last minute. first to general motors as we reported an hour ago, they plan to pay off the remainder of the government loan it took out from the u.s. and canadian governments when it exited from bankruptcy much sooner than planned. originally the company said that it planned on paying these off by june 1st, but now we are told that the remainer of the $6.7 billion and $4.7 billion to the u.s. government will be paid off well before june 1st, and we will see the timing within the next week. and they will pay $1 billion to the canadian government and be free and clear to the debt obligation to the two governments, and ed whitacre, jr., will announce the payback at a plant in kansas city. they borrowed $30 billion coming out of bankruptcy, but only $6.7 billion had to be repaid and this will fulfill gm's obligation in that return. now, talking about toyota, in the last minute they have announced that i are recalling 9400 models, of the gx 60s which is the model they followed last week of reports not the buy
CNBC
Apr 23, 2010 3:00pm EDT
. japan's nikkei is reporting that toyota may report an operating profit of 40 billion yen. and that is 2.5 times what they originally forecast coming on the back of reduced costs and weaker yen. >>> well, our next guest is seeing signs is of exhaustion in risk appetite. he is now seeing a one-month lag between the baltic index, and selected commodities. this could in turn result in a decline in commodity currencies versus the u.s. dollar. for more on the decline of the baltic index, we bring in the chief market strategist with cmc markets. always good to have you on the program, and welcome back. >> thank you for having me, maria. >> let's talk about the correlation by tween the baltic dry index and commodities and what does it tell you and why is this index so critical from your standpoint? >> yes, maria, the baltic dry index is a cost of shipping goods, and materials and non-fuel, but we have to be careful before we talk about it further. we have to say that the cost of these ships is not only a factor of the demand, but also of the supply and of the availability of ships, but having
CNBC
Apr 15, 2010 3:00pm EDT
phil lebeau with breaking news from toyota. cnbc has confirmed that cnbc will suspend production of the lexus 4g at the point where it is built in japan. they stop production of the lexus gx 460 as they test the electronics on the suv. the tentative plan to rejum on april 28th, but between tomorrow and april 28th, the production of the lexus gx 460 will stop. simon, back to you. >> thank you, phil, with that breaking news. there is an election in the british government, and so desperate is the politician to save himself, that the uk became overreliant on the pound. separately, gordon brown spent time doubling the british health service which is structural spending which is hard to cut. and that lethal combination will leave the uk with a budget deficit greater than any country on earth, and 13% of gdp, and because britain is not in the euro zone, the pound is fully exposed to take the strain of repricing uk debt to make it attractive. in fact, the pound is down 7% since august. some say it is undervalued and bears predict that it will be $1.30 by the end of the year which is another 15%
CNBC
Apr 5, 2010 3:00pm EDT
screen, the united states transportation department plans to fine toyota $16.4 million for alleged safety violation thchlt has to do with when the federal government was notified about a potential problem with acceleration. the law is that they must be notified within five days and toyota said they notified them in a prompt fashion, but clearly this fine has to do with fact that toyota did not notify them quick enough, and they knew about the problems months before they took the steps necessary to notify the united states government. this is the largest fine against a automaker, and 16.4 million, that toyota failed to notify regulators promptly about the pedal defect, and it took them months, and you are supposed to do it within five days. >>> we saw the stock reacting as you were talking, phil, but it is now flat on the session. but certainly, as you were talking, we had a move from positive to negative, and now it is positive again, actually moving higher. >> huge implications here, maria, for the shareholders as far as opening up toyota for greater liability problems in terms of
CNBC
Apr 26, 2010 3:00pm EDT
, you have ford benefiting from the mess at toyota. they have a phenomenal run, and alan mulally is doing everything right. i own for it the clients, but i don't know if i would add to the positions now, but if you have maalox and willing to take a risk, i am owning toyota at this point both for myself and clients. it is a little bit more of a gamble, but you are banking and banking that most of the bad news is baked into the stock price. >> well, it is a great point. of course, the first quarter has been better than expected on a lot of fronts, but we are waiting on evidence of end market demand, revenue growth, and are you seeing that? >> in places we are seeing the revenue, but it is one of the things coming stock by stock and we know that the auto market is stronger than you would expect, and the same with technology if you see what twe get out of apple and not so much nokia. we know that palm is not doing so well, but radio shack is pulling out of that. you have to pick and choose your places. i am not buying the market as a whole, but the names, if you are careful how you buy
CNBC
Apr 1, 2010 3:00pm EDT
. >>> incentive war led by toyota helping increasing sales. we'll fill you in on the numbers. >>> let's look at how the market finished for a week. prime merica went public. they're ringing the closing bell. they certainly did create a lot of spark of excitement down here. accelerating at the close. no down we saw money moving into the market in the afternoon hours. it was stronger at the open, gave up much of the games. 10,927 last trade on the blue chip average. nasdaq was also high ir, fractional move there. >> a little more volatility we've. that's a good thing, up as much as -- and let's look at the positive points here today in the first trading day of the zk. pricing their ipo, and
CNBC
Apr 5, 2010 4:00pm EDT
bell," with phil lebeau saying that toyota is fined by the federal government of $16.4 billion for not notifying them, and that is the largest fine ever. so we are seeing a dip, but there are recovery in shares of toyota, but nonetheless, that is a significant story, and again, wrapping up the headline, the dow jones industrial average inching so closely to dow 11,000, a place it has not been since september of 2008. however, it with elusive on this day, maria. >> thank you, scott. a big day for energy. oil prices surging past $86 a barrel, and heavy volume as well, and here is sharon epperson at the nymex with that story and this is another one that won't quit, sharon. >> right. since october of 2008 have we seen prices at these levels. when you look at oil prices over the last week and month, you will see how we broke out of the recent range and decidedly so and where are the oil prices headed? well, almost every analyst says little technical resistance to where we are to $90 a barrel. you add to that the fact of positive economic data on jobs and pending home sales today and ser
CNBC
Apr 21, 2010 4:00pm EDT
incentives came at the market and toyota leading the market with incentives and old gm would have thrown money at the market to catch up with anyone else, and this gm is showing more discipline and you will see it in the discipline results. >> ipo this year is a strong possibility, but before that, the analysts want to see if the gm rebound can last. >> these are positive signs, but they are not out of the woods yet. we have a ways to go, and i don't think they will be able to go public on the time frame any time soon. >> for gm workers in kansas city, there is optimism building with every malibu that rolls off of the line. >> well, it was great news for general motors and fairfax here, and good news to get the money we needed to pay the government back. >> we are excited about it. you know, that means job security. >> how much job security? well, gm is now running three shifts at this plant. they will add another 900 jobs which is a commitment to sink more money into the plant they announced today, maria, general motors is now faced with a good problem for a change, finding more
CNBC
Apr 13, 2010 4:00pm EDT
consecutive quarterly report. ford has been the big winner here from toyota's troubles posting its largest quarterly market share gain since, get a load of this, 1977. >>> well, it is day two of earnings season and both of my next guests here are expecting strong results for the first quarter. but has the market fully priced in a positive outlook? joining me -- joining me to discuss, we have larry adam, chief investment strategist at deutsche bank, private wealth management, which manages more than $260 billion. also, david kovacs, chief investment officer at turner investment partners. turner has more than $20 billion under management. david, what do you think? i'll kick it off with you, your sense of this market right now? >> well, i think that we've had a healthy market, but we're likely to move higher here as long as interest rates, both on the short and long end of the yield curve, stay about where they are. i think that the earnings are likely to be very strong this quarter. we're starting forecast on the s&p 500 at about $80 of s&p earnings. i think by the time we're done wi
CNBC
Apr 6, 2010 4:00pm EDT
toyota has any other safety violations. on monday toyota was fined a record $16.4 million to waiting four months before disclosing a pedal flaw. >> i think toyota was safety deaf, i think they have a very bad business model. i told that directly to mr. t toyoda when he came to my office in washington, d.c. they know they have some serious, serious issuings, not the least of which is violating safety laws that they need to account for. >> and a federal districtius that the red wax seal coating is a well-known and valid trade market. it prohibits diageo from using a similar mark on its tequila bottles. >>> rescuers are trying to find four men. massey stock today very heavily traded. hampton pearson brings us the latest on the rescues. >> particularly the high number of violations at the mine where the latest tragedy has occurred. last year federal inspectors found more than 450 violations and fined them in excess of $382,000, related to problems regarding the ventilation and equipment plan. this afternoon, the ceo offered a partial explanation. >> i don't think it would be classified a
CNBC
Apr 8, 2010 4:00pm EDT
digital books and 3 million applications to the ipad during that span. >>> toyota forming a quick response complaint team if drivers experience unintended acceleration. the quick analysis response team or s.m.a.r.t. will analyze any complaint within 24 hours. >>> david menlo,is joining us on the phone. are you with us, david? >> i am with you. about this particular offering, it is obviously going to be a institutional sweetheart on the surface just by the name itself, but this is something where you have to peel back the first few layers of the artichoke to really see the huge debt load underneath. >> it is interesting that they will be coming to market with a huge offering now. does that tell you anything about their expectations for the market or for reception? they have to believe that they are going to be received well if they come out with a $4.5 billion deal? >> well, the odds are favoring the investors of this particular offering or any that come out at this point, because the valuations are still extraordinarily low. but obviously, there is a need for cash on the part of t
Search Results 0 to 10 of about 11